Green Dot Corporation (NYSE:GDOT) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET

Company Participants

Tim Willi – Senior Vice President of Finance

George Gresham – Chief Executive Officer and President

Jess Unruh – Chief Financial Officer

Conference Call Participants

Shray Gurtata – Barclays

Michael Perito – KBW

Matthew Hurwit – JMP

Cris Kennedy – William Blair

George Sutton – Craig Hallum

Joel Riechers – Truist Securities

Operator

Good day, and welcome to the Green Dot Corporation Second Quarter Earnings Conference Call. All participants will be in a listen-only mode. After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Tim Willi, Senior Vice President of Finance. Please go ahead.

Tim Willi

Thank you, and good afternoon, everyone. Today, we are discussing Green Dot’s second quarter 2023 financial and operating results. Following our remarks, we’ll open the call for your questions. Our most recent earnings release, that accompany this call and webcast, can be found at ir.greendot.com. As a reminder, our comments may include forward-looking statements and expectations regarding future results and performance. Please refer to the cautionary language in the earnings release and in Green Dot’s filings with the Securities and Exchange Commission, including our most recent Form 10-K and 10-Q for additional information concerning factors that could cause actual results to differ materially from the forward-looking statements.

During the call, we will refer to our financial measures that do not conform with generally accepted accounting principles. For the sake of clarity, unless otherwise noted, all numbers we talk about today will be on a non-GAAP basis. Information may be calculated differently than similar non-GAAP data presented by other companies. Quantitative reconciliation of our non-GAAP financial information to the directly comparable GAAP financial information appears in today’s press release. Content of this call is property of the Green Dot Corporation and is subject to copyright protection.

Now I’d like to turn the call over to George.

George Gresham

Good afternoon, everyone, and thank you for joining our second quarter 2023 earnings call. At Green Dot, our mission is to give consumers and businesses the power to bank seamlessly, affordably and with confidence. We recognize that access to the banking system should not be a privilege. Our core value is stewardship since we take care of something for others that is critically important to them, whether they are depositors or investors. To fulfill this mission and live up to our values, we are executing a strategy of integrating banking, technology and network platform, so that we may provide market-leading financial tools at low cost.